Growth forecast errors and fiscal multipliers:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
©2013
|
| Series: | IMF working paper
WP/13/01 |
| Subjects: | |
| Online Access: | Volltext |
| Item Description: | Title from PDF title page (IMF Web site, viewed Jan. 11, 2013). - "Research Department.". - "January 2013." This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of the crisis Includes bibliographical references |
| Physical Description: | 1 Online-Ressource (43 pages) |
| ISBN: | 9781475523904 1475523904 |
Staff View
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| 500 | |a This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of the crisis | ||
| 500 | |a Includes bibliographical references | ||
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| 650 | 4 | |a Fiscal policy | |
| 650 | 4 | |a Multiplier (Economics) | |
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| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:49Z |
| institution | BVB |
| isbn | 9781475523904 1475523904 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028387225 |
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| physical | 1 Online-Ressource (43 pages) |
| psigel | ZDB-4-EBU FLA_PDA_EBU |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Blanchard, Olivier, (Olivier J.) Verfasser aut Growth forecast errors and fiscal multipliers prepared by Olivier Blanchard and Daniel Leigh [Washington, D.C.] International Monetary Fund ©2013 1 Online-Ressource (43 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/01 Title from PDF title page (IMF Web site, viewed Jan. 11, 2013). - "Research Department.". - "January 2013." This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the early years of the crisis Includes bibliographical references BUSINESS & ECONOMICS / Banks & Banking bisacsh Fiscal policy fast Multiplier (Economics) fast Wirtschaft Fiscal policy Multiplier (Economics) Leigh, Daniel Sonstige oth International Monetary Fund Research Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=547915 Aggregator Volltext |
| spellingShingle | Blanchard, Olivier, (Olivier J.) Growth forecast errors and fiscal multipliers BUSINESS & ECONOMICS / Banks & Banking bisacsh Fiscal policy fast Multiplier (Economics) fast Wirtschaft Fiscal policy Multiplier (Economics) |
| title | Growth forecast errors and fiscal multipliers |
| title_auth | Growth forecast errors and fiscal multipliers |
| title_exact_search | Growth forecast errors and fiscal multipliers |
| title_full | Growth forecast errors and fiscal multipliers prepared by Olivier Blanchard and Daniel Leigh |
| title_fullStr | Growth forecast errors and fiscal multipliers prepared by Olivier Blanchard and Daniel Leigh |
| title_full_unstemmed | Growth forecast errors and fiscal multipliers prepared by Olivier Blanchard and Daniel Leigh |
| title_short | Growth forecast errors and fiscal multipliers |
| title_sort | growth forecast errors and fiscal multipliers |
| topic | BUSINESS & ECONOMICS / Banks & Banking bisacsh Fiscal policy fast Multiplier (Economics) fast Wirtschaft Fiscal policy Multiplier (Economics) |
| topic_facet | BUSINESS & ECONOMICS / Banks & Banking Fiscal policy Multiplier (Economics) Wirtschaft |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=547915 |
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